TC Energy sells midstream assets

UGI Energy Services will purchase the assets, which include four
natural gas gathering systems in the Appalachian Basin in the east US, as well
as an interest in a company with gathering, processing and liquids assets.

The assets connect
production to markets in Pennsylvania, Ohio and West Virginia, US.

TC Energy President and CEO Russ Girling said the sale
advanced the company’s efforts to fund new pipelines and power generation
projects.

“Along with the sale of Coolidge and
partial monetisation of Northern Courier we now expect to realise approximately
CA$3.4 billion (US$2.59 billion) of proceeds from announced portfolio
management activities in 2019,” he said.